FICO 8 Dropped when Discover TL was added?

[Revelate]

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@JLK93 wrote:

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@Revelate wrote:

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@Anonymous wrote:
Any new account general drops your score a couple points but it normally rebounds in a few months if you don't keep adding new accounts

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For me I don't take a drop in score unless I cross an AAOA boundary or it reports a balance and it shifts my # of revolving tradelines with balance metric.

Then again I've never been clean for 2 years at a time which has been theorized as another reason for a drop (new account).

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I would have to agree. I've never seen a new account cause a score drop without crossing a threshold.

Of course, AAoA is not the only threshold. Some profiles will experience a significant point increase when the youngest account ages to 1 year.

When my youngest account aged to 1 year, my EX08 Auto Enhanced score picked 19 points. My EX08 Bankcard Enhanced scored topped out at 900 and was therefor limited to a 10 point gain. Likewise, my EX08 Classic topped out a 850 and was limited to 9 points.

So, anyone who has a youngest account over 1 year will cross a threshold when a new account reports. The amount of point loss for crossing this threshold may be Scorecard dependent.

Crossing a youngest account threshold, as well as an AAoA threshold, could theoretically produce a greater point loss. However, I've never experienced that double whammy.

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Hmm, obviously your file is different than mine but I got exactly 0 across every score version during my mortgage process last year when my then youngest account ticked over a year confirmed through 3B/1B pulls.  Are you positive it was this rather than some other change?

[JLK93]

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@Revelate wrote:

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@JLK93 wrote:

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@Revelate wrote:

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@Anonymous wrote:
Any new account general drops your score a couple points but it normally rebounds in a few months if you don't keep adding new accounts

---

For me I don't take a drop in score unless I cross an AAOA boundary or it reports a balance and it shifts my # of revolving tradelines with balance metric.

Then again I've never been clean for 2 years at a time which has been theorized as another reason for a drop (new account).

---

I would have to agree. I've never seen a new account cause a score drop without crossing a threshold.

Of course, AAoA is not the only threshold. Some profiles will experience a significant point increase when the youngest account ages to 1 year.

When my youngest account aged to 1 year, my EX08 Auto Enhanced score picked 19 points. My EX08 Bankcard Enhanced scored topped out at 900 and was therefor limited to a 10 point gain. Likewise, my EX08 Classic topped out a 850 and was limited to 9 points.

So, anyone who has a youngest account over 1 year will cross a threshold when a new account reports. The amount of point loss for crossing this threshold may be Scorecard dependent.

Crossing a youngest account threshold, as well as an AAoA threshold, could theoretically produce a greater point loss. However, I've never experienced that double whammy.

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Hmm, obviously your file is different than mine but I got exactly 0 across every score version during my mortgage process last year when my then youngest account ticked over a year confirmed through 3B/1B pulls.  Are you positive it was this rather than some other change?

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Absolutely positive it was the youngest account aging to 1 year. I had pulls a couple of days before and then again on September 1st. I wanted to make sure that I would be able to document any score changes. It was an anticipated event.

The first time I saw someone document a score increase on FICO 8 for youngest account aging to 1 year was somewhere around 2014. This was my first chance to observe it. It don't believe there is a 1 year scoring benefit for the older models.

I also experience a rebucketing of my FICO 9 scores on the same date. My TU and EQ FICO 9 scores dropped approximately 15 points. FICO 8 and FICO 9 moved in opposite directions for the first time.

[Revelate]

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@JLK93 wrote:

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@Revelate wrote:

---

@JLK93 wrote:

---

@Revelate wrote:

---

@Anonymous wrote:
Any new account general drops your score a couple points but it normally rebounds in a few months if you don't keep adding new accounts

---

For me I don't take a drop in score unless I cross an AAOA boundary or it reports a balance and it shifts my # of revolving tradelines with balance metric.

Then again I've never been clean for 2 years at a time which has been theorized as another reason for a drop (new account).

---

I would have to agree. I've never seen a new account cause a score drop without crossing a threshold.

Of course, AAoA is not the only threshold. Some profiles will experience a significant point increase when the youngest account ages to 1 year.

When my youngest account aged to 1 year, my EX08 Auto Enhanced score picked 19 points. My EX08 Bankcard Enhanced scored topped out at 900 and was therefor limited to a 10 point gain. Likewise, my EX08 Classic topped out a 850 and was limited to 9 points.

So, anyone who has a youngest account over 1 year will cross a threshold when a new account reports. The amount of point loss for crossing this threshold may be Scorecard dependent.

Crossing a youngest account threshold, as well as an AAoA threshold, could theoretically produce a greater point loss. However, I've never experienced that double whammy.

---

Hmm, obviously your file is different than mine but I got exactly 0 across every score version during my mortgage process last year when my then youngest account ticked over a year confirmed through 3B/1B pulls.  Are you positive it was this rather than some other change?

---

Absolutely positive it was the youngest account aging to 1 year. I had pulls a couple of days before and then again on September 1st. I wanted to make sure that I would be able to document any score changes. It was an anticipated event.

The first time I saw someone document a score increase on FICO 8 for youngest account aging to 1 year was somewhere around 2014. This was my first chance to observe it. It don't believe there is a 1 year scoring benefit for the older models.

I also experience a rebucketing of my FICO 9 scores on the same date. My TU and EQ FICO 9 scores dropped approximately 15 points. FICO 8 and FICO 9 moved in opposite directions for the first time.

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Interesting, thanks for the datapoints!

I would ask, just EX scores?  Stupid sanity check but the inquiry wasn't there from a similar time frame?

[JLK93]

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@Revelate wrote:

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@JLK93 wrote:

---

@Revelate wrote:

---

@JLK93 wrote:

---

@Revelate wrote:

---

@Anonymous wrote:
Any new account general drops your score a couple points but it normally rebounds in a few months if you don't keep adding new accounts

---

For me I don't take a drop in score unless I cross an AAOA boundary or it reports a balance and it shifts my # of revolving tradelines with balance metric.

Then again I've never been clean for 2 years at a time which has been theorized as another reason for a drop (new account).

---

I would have to agree. I've never seen a new account cause a score drop without crossing a threshold.

Of course, AAoA is not the only threshold. Some profiles will experience a significant point increase when the youngest account ages to 1 year.

When my youngest account aged to 1 year, my EX08 Auto Enhanced score picked 19 points. My EX08 Bankcard Enhanced scored topped out at 900 and was therefor limited to a 10 point gain. Likewise, my EX08 Classic topped out a 850 and was limited to 9 points.

So, anyone who has a youngest account over 1 year will cross a threshold when a new account reports. The amount of point loss for crossing this threshold may be Scorecard dependent.

Crossing a youngest account threshold, as well as an AAoA threshold, could theoretically produce a greater point loss. However, I've never experienced that double whammy.

---

Hmm, obviously your file is different than mine but I got exactly 0 across every score version during my mortgage process last year when my then youngest account ticked over a year confirmed through 3B/1B pulls.  Are you positive it was this rather than some other change?

---

Absolutely positive it was the youngest account aging to 1 year. I had pulls a couple of days before and then again on September 1st. I wanted to make sure that I would be able to document any score changes. It was an anticipated event.

The first time I saw someone document a score increase on FICO 8 for youngest account aging to 1 year was somewhere around 2014. This was my first chance to observe it. It don't believe there is a 1 year scoring benefit for the older models.

I also experience a rebucketing of my FICO 9 scores on the same date. My TU and EQ FICO 9 scores dropped approximately 15 points. FICO 8 and FICO 9 moved in opposite directions for the first time.

---

Interesting, thanks for the datapoints!

I would ask, just EX scores?  Stupid sanity check but the inquiry wasn't there from a similar time frame?

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All FICO 8 scores increased. TU08 and EX08 increased to 850. i'll post before and after scores tonight or tomorrow. Only FICO 8 increased.

[JLK93]

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@Revelate wrote:

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Hmm, obviously your file is different than mine but I got exactly 0 across every score version during my mortgage process last year when my then youngest account ticked over a year confirmed through 3B/1B pulls.  Are you positive it was this rather than some other change?

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Youngest account at one year for FICO 9 and youngest account at 6 months for FICO 04 are strongly suggested to be rebucketing events. Youngest account a 1 year may also be a rebucketing event for FICO 8.

If you don't have anywhere to realistically be rebucketed to, then there would seem to be no reason to expect a score change. I assume that you are in the highest Scorecard for dirty reports. There is nowhere else to go.

There doesn't always have to be an increase. My TU and EQ FICO 9 scores took a dive.

The rebucketing of FICO 04 when youngest account ages to 6 months has been known for several years. There is a night a day difference in the way # of card with a balance are handled when crossing this threshold. I have experienced it a few times now.

However, you won't be able to see for yourself, until your reports are clean and you have a realistic place to be rebucketed to.

[Anonymous]

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@JLK93 wrote:

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I would have to agree. I've never seen a new account cause a score drop without crossing a threshold.

Of course, AAoA is not the only threshold. Some profiles will experience a significant point increase when the youngest account ages to 1 year.

When my youngest account aged to 1 year, my EX08 Auto Enhanced score picked 19 points. My EX08 Bankcard Enhanced scored topped out at 900 and was therefor limited to a 10 point gain. Likewise, my EX08 Classic topped out a 850 and was limited to 9 points.

So, anyone who has a youngest account over 1 year will cross a threshold when a new account reports. The amount of point loss for crossing this threshold may be Scorecard dependent.

Crossing a youngest account threshold, as well as an AAoA threshold, could theoretically produce a greater point loss. However, I've never experienced that double whammy.

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I don't believe I crossed any thresholds with the addition of new accounts back in June, yet my scores dropped after all 3 new accounts reported.  My AAoA decreased from 7.X years to 7.Y years, so in the eyes of FICO it was still 7.  I several other accounts opened within the previous year, so I didn't go from youngest account being > 1 year to < 1 year.  From the inquiries hitting I lost a couple of points at most from my FICO 08 scores, but once the accounts reported my scores dropped about 12-15 points.  Those 12-15 points were back within 2-3 cycles and by the 4th month my scores were higher than the were before my mini "spree."  I chalked that score drop up to the addition of new accounts, not to any other factor(s).

[JLK93]

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@Anonymous wrote:

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@JLK93 wrote:

---

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I would have to agree. I've never seen a new account cause a score drop without crossing a threshold.

Of course, AAoA is not the only threshold. Some profiles will experience a significant point increase when the youngest account ages to 1 year.

When my youngest account aged to 1 year, my EX08 Auto Enhanced score picked 19 points. My EX08 Bankcard Enhanced scored topped out at 900 and was therefor limited to a 10 point gain. Likewise, my EX08 Classic topped out a 850 and was limited to 9 points.

So, anyone who has a youngest account over 1 year will cross a threshold when a new account reports. The amount of point loss for crossing this threshold may be Scorecard dependent.

Crossing a youngest account threshold, as well as an AAoA threshold, could theoretically produce a greater point loss. However, I've never experienced that double whammy.

---

I don't believe I crossed any thresholds with the addition of new accounts back in June, yet my scores dropped after all 3 new accounts reported.  My AAoA decreased from 7.X years to 7.Y years, so in the eyes of FICO it was still 7.  I several other accounts opened within the previous year, so I didn't go from youngest account being > 1 year to < 1 year.  From the inquiries hitting I lost a couple of points at most from my FICO 08 scores, but once the accounts reported my scores dropped about 12-15 points.  Those 12-15 points were back within 2-3 cycles and by the 4th month my scores were higher than the were before my mini "spree."  I chalked that score drop up to the addition of new accounts, not to any other factor(s).

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IIRC, in June, you said that your youngest account was 15 months.

[Thomas_Thumb]

BBS -

As with Revelate, you are on a dirty scorecard. Based on what I read above YMMV may vary regarding scorecard change associated with age of youngest account reaching 1 year. In fact, with Fico 08 the following was stated on page 24 of: Your Credit Score 4th edition:

[Revelate]

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@JLK93 wrote:

---

@Revelate wrote:

---

Hmm, obviously your file is different than mine but I got exactly 0 across every score version during my mortgage process last year when my then youngest account ticked over a year confirmed through 3B/1B pulls.  Are you positive it was this rather than some other change?

---

Youngest account at one year for FICO 9 and youngest account at 6 months for FICO 04 are strongly suggested to be rebucketing events. Youngest account a 1 year may also be a rebucketing event for FICO 8.

If you don't have anywhere to realistically be rebucketed to, then there would seem to be no reason to expect a score change. I assume that you are in the highest Scorecard for dirty reports. There is nowhere else to go.

There doesn't always have to be an increase. My TU and EQ FICO 9 scores took a dive.

The rebucketing of FICO 04 when youngest account ages to 6 months has been known for several years. There is a night a day difference in the way # of card with a balance are handled when crossing this threshold. I have experienced it a few times now.

However, you won't be able to see for yourself, until your reports are clean and you have a realistic place to be rebucketed to.

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Heh, not sure I'm in the highest one but I'm probably fairly close given the scores posted over time with folks and dirty reports.

That's a good point though as it might be a scorecard segmentation bit for clean files as there are a lot more clean than dirty buckets.  It's something I'll look into when the tax liens and lates are gone whenever I dust off the credit report for something.

[Anonymous]

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@Thomas_Thumb wrote:

BBS -

As with Revelate, you are on a dirty scorecard. Based on what I read above YMMV may vary regarding scorecard change associated with age of youngest account reaching 1 year. In fact, with Fico 08 the following was stated on page 24 of: Your Credit Score 4th edition:

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TT, good info there.  If that's the case, and I'm understanding it correctly, since I have a dirty scorecard the age of my youngest account wouldn't be factored into scoring since I possess a serious delinquency.